# PPP loan: ECONOMY AUTO INC.
> **$180K** approved 04/10/2020 · Paid in Full · Loan `1788527105`
## Borrower
- **Name:** ECONOMY AUTO INC.
- **Address:** 45 VICTORY PLZ, SOUTH AMBOY, NJ, 08879-1140
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Jobs reported:** 12
## Lender
- **Originating:** Amboy Bank
- **Servicing:** Amboy Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*